Cash, Cash Equivalents and Restricted Cash

9 Months Ended

Sep. 30, 2018

Cash and Cash Equivalents [Abstract]

Cash, Cash Equivalents and Restricted Cash

7.Cash, Cash Equivalents and Restricted Cash

	September 30,
($ in millions)	2018		2017
Beginning of period:
Cash and cash equivalents	$	448	$	597
Current restricted cash (included in other current assets)		10		9
Noncurrent restricted cash (included in other assets)		1		1
Total cash, cash equivalents and restricted cash	$	459	$	607
End of period:
Cash and cash equivalents	$	598	$	556
Current restricted cash (included in other current assets)		13		6
Noncurrent restricted cash (included in other assets)		—		1
Total cash, cash equivalents and restricted cash	$	611	$	563

The company’s restricted cash is primarily related to receivables factoring programs and represents amounts collected from customers but not yet remitted to the banks as of the end of the reporting period.

Noncash investing activities include the acquisition of property, plant and equipment (PP&E) for which payment has not been made. These noncash capital expenditures are excluded from the statement of cash flows. The PP&E acquired but not yet paid for amounted to $98 million at September 30, 2018, and $124 million at December 31, 2017.

In connection with the sale of a business associated with the June 2016 acquisition of Rexam, the company provided indemnifications for uncertain tax positions associated with the business. During the nine months ended September 30, 2018, the company made payments of $45 million in relation to these liabilities and reported them within investing activities in the unaudited condensed consolidated statement of cash flows.